View Single Post
Old 03-20-2013, 08:23 AM  
dyna mo
The People's Post
 
dyna mo's Avatar
 
Industry Role:
Join Date: Dec 2008
Location: invisible 7-11
Posts: 64,091
Quote:
Originally Posted by L-Pink View Post
Bartering comes down to declaring fair market value. Since bitcoins are cashed out at a specific dollar amount everyday current value is easy to pinpoint. So a payment for your services on a given day is declared in the dollar value of that days bitcoin.

Since the legal accounting of value is tied exactly to a dollar amount why bother getting paid in bitcoins? You owe the IRS in dollars.

.
isee. i am trying to reconcile your comment though, this one

Quote:
This alone makes bitcoins worthless as a form of payment unless you are trying to scam the system.
this seems extreme, based on the current info.
dyna mo is online now   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote